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Arkansas home sales down in August - 09/30/10 11:08 AM
Arkansas home sales down in August Posted on 28 September 2010 Arkansas News Bureau LITTLE ROCK - Homes sales in Arkansas were nearly 15 percent lower in August than the same month a year ago, the Arkansas Realtors Association reported today. Lawrence Yun, chief economist for the National Association of Realtors, said the housing market in Arkansas is still adjusting to the end of the home buyer tax credit. "The housing market is trying to recover on its own power without the home buyer tax credit," Yun said in a news release. "Despite very attractive affordability conditions, a housing market (0 comments)
Local EXIT Agents Giving Back - 09/29/10 10:55 AM
"Local EXIT Agents Giving Back" Agents Donate Time & Knowledge to Community Pine Bluff, Arkansas (Grassroots Newswire) September 29, 2010 -- Floretta Scott represented EXIT Realty Deaton Group-Pine Bluff as a volunteer at a new home under construction by Habitat for Humanity. Floretta has clocked 8 hours over the past two Saturdays working on the home. In addition to the actual construction project for Habitat for Humanity, Floretta Scott, Kanekalon Kindle, Hosetta Holmes and Joyce King provided breakfast for the family and the volunteer workers on Saturday, Sept. 25th. This home is located on the corner of 8th and Gum. "Thanks to Floretta for bringing this effort to the forefront," (0 comments)
10 Market Facts for Uncertain Times (Simple Version) - 09/28/10 10:09 PM
10 Market Facts for Uncertain Times NAR September 2010 Although the economy is soft and consumer confidence remains low, new data from the National Association of REALTORS® shows positive signs for the future. To help interpret current economic data and address clients' concerns, here are 10 key facts to understand about today's market. 1. The economy is growing, though slowly.2. The private sector is finally creating some jobs.3. Consumer confidence remains low, though clearly off bottom.4. The 30-year mortgage rate is at generational lows.
5. The national median-home price is stabilizing.6. Other home-price measurements also are showing price stabilization.7. Home price-to-income (3 comments)
Mis-Reporting Again...... Mortgage financing and the fate of the housing market reporting has created many doubts in the consumer's mind on whether they can acquire a mortgage in today's market and move forward with the American dream of Home ownership. The reality is YES, you can buy a home today, and there are many reasons why you should buy instead of rent. Please watch the attached video to hear some of the FACTS on mortgage financing because in today's market you can't afford to make your most important financial decision based on (3 comments)
Move Advocate program description Packing Guide First Night Survival Guide Time to Browse? There are a ton of resources available for you and your family on the Move Advocate website. Take a few minutes and browse the materials available for download and past newsletters on our website.Previous topics include: 3 Things a "Rogue" Mover Won't Tell You How to Avoid an Expensive and Stressful MoveTop Moving Tips for Consumers The Basics of Moving and Taxation (0 comments)
4 Tips for Setting the Right Sales Price - 09/21/10 09:21 AM
4 Tips for Setting the Right Sales Price Sellers think their homes are worth more than their real estate professional recommends, and buyers think these same homes are worth less. It’s a difficult disconnect that makes selling properties a challenge. Successfully marketing a home requires that the price be set carefully -- or it will languish on the market.
Among the considerations: 1. How many homes are for sale in the neighborhood? The more homes on the market, the more important it is to list at the lower end of the scale. "I want buyers to ask why is this (4 comments)
Home Buying and Selling Tips for Fall - 09/20/10 12:26 PM
Home Buying and Selling Tips for Fall HGTV's real estate site Front Door says the weeks between now and the end-of-the year holidays are the best ones to find a bargain. Here are some of their tips for fall buyers and sellers:Fall Sellers:· Replace faded summer plants with fall-blooming flowers and add autumn decorations to the home.· Expect low-ball offers and be prepared with higher counter offers.· Freshen up listing photos by shooting pictures that make it less obvious that the seasons have changed.· Price the home to sell. A price that is a little lower than the competition may be (0 comments)
Why Do I Need A Realtor - 09/20/10 12:04 PM
Great response to a very common question. You wouldn't fly yourself on vacation, because the risk of a mistake is too great. My job for my clients is to minimize, if not eliminate, the risks involved with the largest financial decision my clients are making. This is a huge responsibility, and involves a process with many different moving parts. Parts that could cost my buyer or seller valuable time, expense, and equity. I don't take my profession lightly. Via David Welch (Remax 200 Realty): Real estate is not rocket science, in fact in some respects selling real estate is simple. There is (0 comments)
Buyer activity is HOT! - 09/18/10 07:50 PM
Buyer activity is HOT! With interest rates low, inventory high, and motivated sellers with good prices, the buyers are hitting the market this month. 3 of my listings are now under contract this week! Wow, the buyers showed up out of nowhere. 2 of these homes had been on the market a while, but all had gone through recent price reductions. That's right, once the price was lowered to represent a decent value to the buyer....BAM! 40% of my active residential listings went under contract this week. Are the buyers finally responding to this Perfect Storm? Why a Perfect Storm? See previous blog about (0 comments)
Price Reductions on the Rise - 09/17/10 04:21 PM
Number of Price Reductions Rise in Some Cities Price reductions on properties for sale have increased for the third consecutive month to 26 percent, according to statistics provided by Trulia.com.While home sellers in some cities cut prices aggressively, those in 24 of the 50 cities tracked by Trulia held steady."We're seeing gradual improvement in many U.S. cities - several for consecutive months," said Pete Flint, CEO of Trulia. "What this shows us is that while we're in for a long climb to bring stability back to the housing market and while it's going to take time, that climb appears to (0 comments)
Real Estate Pros Are Fourth in Car Crashes - 09/16/10 06:14 PM
Real Estate Pros Are Fourth in Car Crashes A recent article in New York Newsday based upon information from www.insure.com and Quality Planning Corp. rank realty agents fourth on a list of top 10 vehicle crashers by profession, and experts attribute their high number of accidents to the fact that they are always on the road and frequently talk on the phone while they drive. The November 2009 study reports an average 102 accidents and 39 speeding tickets per 1,000 real estate brokers on an annual basis. Wow, only #4. Who are the others driving, texting, eating, and taking notes while (1 comments)
10 Reasons to Buy a Home - 09/16/10 05:04 PM
10 Reasons to Buy a Home Time magazine is being overly pessimistic in its recent cover piece that called into question the benefits of homeownership. In fact, now is a great time to buy. And, what's more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn't changed. Why is now a great time to buy? Here are 10 reasons:1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income. 2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate (2 comments)
Going GREEN Return on Investment - 09/16/10 04:32 PM
Going GREEN Return on Investment Green and Save.com has a handy table to determine the return on investment (ROI) of many energy saving features a homeowner can add. Energy efficient improvements are organized into several categories including Green Tune-Up, Green Remodeling and Green Advanced Systems. Some common green add-ons and their ROI at a glance:CFL Light Bulbs - Added cost of $60 saving $80 annually with an ROI of 133.3% over 10 years Programmable Thermostat - Added cost of $115 saving $180 annually with an ROI of 156.5% over 10 years Hot Water Heater 'Blanket' - Added cost of $25, saving $30 annually with an ROI of 120% over 10 (1 comments)
US homes lost to foreclosure up 25 pct on year, but there are other solutions - 09/16/10 09:04 AM
US homes lost to foreclosure up 25 pct on year but there are other solutions. Talk to your REALTOR first! Alex Veiga, AP Real Estate Writer, On Thursday September 16, 2010, 12:04 am EDT US home repossessions spike in August to highest level since start of mortgage crisis LOS ANGELES (AP) -- Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac (0 comments)
To Dream the American Dream - 09/09/10 10:21 AM
To Dream the American Dream, a FREE webinar session from EXIT Realty. In order to provide accurate information and answer questions that our clients have on our country's real estate market, EXIT Realty is providing a FREE webinar experience to the general public. Check out the latest informative session at The American Dream Find out tips and information for First Time Homebuyers, Investors, Buying a Second Home, etc. Find out about what to look for in choosing your next real estate professional....education, marketing. Plus, find out what is the most important question to ask! Go to The American Dream.
Home Purchase Applications Rise 6.3% - 09/08/10 05:34 PM
Home Purchase Applications Rise 6.3% Applications to purchase homes increased 6.3 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey. On an unadjusted basis, purchases rose 4 percent compared to the previous week, but were down 38.8 percent from the same week a year ago.The Refinance Index decreased 3.1 percent from the previous week."Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent (0 comments)
Something that should be posted in every school . . . - 09/07/10 02:44 PM
Something that should be posted in every school . . . Rule 1: Life is not fair - get used to it! Rule 2: The world doesn't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
Rule 3: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.
Rule 4: If you think your teacher is tough, wait till you get a boss. Rule 5: Flipping burgers is not beneath your (0 comments)
Arkansas Homes Sales Up in June - 09/07/10 01:17 PM
Arkansas Homes Sales Up in June According to the data collected by the Arkansas REALTORS Association, and published in Arkansas Business, homes sales in Arkansas were up .56% in June. Hey, that isn't much, but at least it is moving in the right direction. Pulaski County was actually down by 2% with 400 homes sold. In Saline County, homes sales were up 20%, but it had less than 145 units sold. Northwest Arkansas even saw an increase. Benton County was up 14%.
As for price, statewide price was down 1% to a median price of $148,256. Comparted to the (0 comments)
Little Rock ranks #6 - 09/07/10 10:49 AM
Little Rock Ranks #6 Little Rock's MSA ranks #6 among 315 US Markets for making single-family real estate investments, according to a recent survey by Local Market Monitor Inc. According to the survey, Little Rock was labeled a good market for conservative investors. LMM forecasted a moderate drop in overall home prices during the next 12 months for the Little Rock MSA, followed by a trending slight increase.
For those of us who have been working the Little Rock MSA over the past few years, this comes as no surprise. The Little Rock MSA did not experience the massive drop in (2 comments)
Exceeding Expectations, Pending Home Sales Rise 5.2% - 09/03/10 12:37 PM
Exceeding Expectations, Pending Home Sales Rise 5.2% from rismedia.com RISMEDIA, September 3, 2010-Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, rose 5.2% to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1% below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months. Lawrence Yun, NAR chief economist, (0 comments)
Sellers, You Need a Digital Marketing Strategy - 09/03/10 11:17 AM
Sellers, You Need a Digital Marketing Strategy I have been 'facebooking' with college friends of mine who are trying to sell a home in Nebraska for 6 months now. As I was providing my expert and professional (sarcasm) opinion on the matter, it did shock me that the current agent was only doing the 'old school' form of advertising, and that the sellers figured that was pretty good.
Here is what advertising had been done: Open Houses, Hardcopy flyers outside on the curb, MLS entry, and the every so effective (sarcasm again) REALTOR open house. All of these, according to (1 comments)
Frugal Tips for Making a Home More Appealing - 09/02/10 07:18 PM
Frugal Tips for Making a Home More Appealing Homeowners who want to sell but don't have a lot of cash to spruce up their properties might consider these tips from Bankrate.com (and comments from me) for upgrading a property without spending a fortune. Polish up the kitchen. Add new cabinet door handles, replace lighting and update the faucet set. Unless the cabinets are mica, give them a fresh coat of paint. Order new doors for kitchen appliances. Scott Deaton: All of these are very inexpensive and the kitchen is one area of major focus for all buyers. Tidy up the bath. (1 comments)
Little Rock, Arkansas (Grassroots Newswire) August 26, 2010 -- Summer Ajlouni joins the growing team at EXIT Realty Deaton Group.
"We are excited about having Summer on our team at EXIT Realty Deaton Group. She is excited about her new career, and is ready to learn the business, and be a true professional REALTOR to our communities," states Scott Deaton, Broker/Owner of EXIT Realty Deaton Group. "I chose EXIT for several reasons. A few of them being the training programs, the competitive marketing tools, and a (0 comments)
Do we need another tax credit? - 09/01/10 05:08 PM
Do we need another tax credit? A recent article from realtor.org, says the tax credit needed to end and another would not be good. Rumors have been flying around about the possibility of another tax credit. Many experts, including real estate agents, agree that another tax credit should not be implemented. The consensus seems to be we need to see what the actual demand for housing is, and that the tax credit will not solve anything until our economy, especially unemployment, improves. What do you think? REALTORS? Buyers? Do you feel a tax credit is needed? And valuable? I actually know (3 comments)
15 Year Mortgages are on the rise - 09/01/10 11:54 AM
15 Year Mortgages are on the Rise According to a recent article on Yahoo, the volume of 15 years mortgages is on the rise, with refinancing. It has always been my opinion NOT to recommend a 15 year mortgage to a new buyer, or someone buying their next home. The main reason being that when you sign up for a 15 year mortgage, you are responsible for that higher monthly payment, regardless of what the ecomonic environment may be, for your family, or the nation.
Of course, the 15 year mortgage has a much lower interest rate, currently in (1 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.